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Docomo files for arbitration in Tata Teleservices stake sale

2015-01-05 10:55:00| Telecompaper Headlines

(Telecompaper) Japanese mobile operator NTT Docomo has submitted a request before the London Court of International Arbitration for arbitration with Tata Sons, Tata Group's holding company, pursuant to the shareholders agreement regarding the exercise of Docomo's option to sell its stake in Indian operator Tata Teleservices (TTSL). Under the terms of the shareholder agreement between Docomo, TTSL and Tata Sons, Docomo exercised on 7 July 2014 its right to request that a suitable buyer be found to purchase its TTSL shares for 50 percent of the acquired price, amounting to INR 72.5 billion (approximately JPY 125.4 billion), or a fair market price, whichever is higher. Pursuant to the shareholders agreement, Docomo submitted its request for arbitration to ensure that its right be exercised after Tata Sons failed to fulfill its obligation, despite Docomo's repeated negotiations with Tata Sons regarding the sale of its entire stake in TTSL.

Tags: sale files stake tata

 

DOCOMO requests arbitration for Tata Teleservices stake

2015-01-05 10:11:16| Telecom - Topix.net

DOCOMO had exercises its option on July 7, 2014, to request that a suitable buyer be found to purchase its Tata Teleservices shares As per the April 25 statement by DoCoMo, as part of the original agreement, Tatas would pay a minimum of Rs 7,250 crore to DoCoMo. NTT DOCOMO Inc said over the weekend, it has submitted a request for an artibitration with Tata Sons in connection with it exercising its options to sell its stake in Tata Teleservices.

Tags: requests stake tata arbitration

 
 

DoCoMo tackles Tata on India stake sale

2015-01-05 01:00:00| Total Telecom industry news

Japanese operator keen to ensure it can sell Tata DoCoMo shares for at least 950 million; Telenor named as possible buyer.

Tags: sale india stake tata

 

DOCOMO considering international arbitration over India exit

2014-11-18 01:24:05| Steel - Topix.net

With the exception of the 2010-2011 financial year, Tata has booked a net loss every year for a decade.

Tags: international india exit arbitration

 

NTT DOCOMO Implements Oracle Communications Diameter Signaling Router To Support New LTE Infrastructure

2014-10-28 09:11:51| wirelessdesignonline News Articles

NTT DOCOMO has implemented Oracle Communications Diameter Signaling Router to accelerate the launch of new LTE roaming services. With this single, scalable system, NTT DOCOMO can support its rapidly growing volume of LTE roaming subscribers.

Tags: support communications oracle infrastructure

 

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